Least Developed Countries Fund
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The Least Developed Countries Fund was established under the United Nations Framework Convention on Climate Change as a vehicle to fund projects the development and implementation of National Adaptation Programmes of Action by Least Developed Country Parties (LDCs). The fund is administered by the Global Environment Facility(GEF).
The fund was the subject of criticism at the COP14 meeting in Poznan, Poland in December 2008. At the meeting, Juan Hoffmaister and Chee Yoke Ling from the Third World Network reported that Kiribati complained that "of the US$6 million request to the GEF, only US$3.5 million were received, and the country had to look for funding elsewhere." They also reported that "Bhutan, the country with the only approved LCDF project said that only 3 of the 9 priority areas identified as urgent and immediate in their NAPA is funded. Implementation started a few months ago but the funding is not enough for the country’s needs."
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